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A major contributor to driving the market to record highs was the increased interest of buyers in heavyweight shares, shares of the metal sector. In the first three sessions of Wednesday’s trading session, investors benefited by more than Rs 3 lakh crore. The onset of monsoon, the announcement of the completion of merger between HDFC Bank and Housing Development Finance Corporation and the expiry of the June derivative series helped the market reach this record high. Investors also benefited from the positive environment in the American market. Due to this, all sectors remained on the green mark.
How long can the boom in the share market continue?
Experts say that this environment can continue. Nifty may touch 21,000 level by the end of the year. Similarly, an increase can be seen in Sensex too. This may be followed by a stage of marginal profit booking. This is a good time to book profits and reinvest in quality stocks.
An increase of 2 lakh crores in the wealth of investors
After the Sensex and Nifty touched record highs in the last trading session of the week, there has been a huge jump in the wealth of investors. At the end of today’s business, BSE’s market cap closed at Rs 296.45 lakh crore. Which is the historical record level till now. While in the previous session, the market cap of companies listed on BSE was Rs 294.30 lakh crore. In today’s business session, there was a surge of Rs 2.15 lakh crore in the wealth of investors.
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